Instacart sets IPO price at $30 a share, valuing the company at about $10 billion

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Euronews (English)

Instacart has priced its initial public offering of stock at $30 a share, raising $660 million for the grocery delivery company. San Francisco-based Instacart sold 22 million shares in the IPO. Trading of the company’s stock is set to begin on Tuesday on the Nasdaq stock exchange under the stock symbol “CART.” The price was at the high end of an earlier range estimated by Instacart, reflecting a renewed confidence in tech stocks after last week’s successful IPO of Arm Holdings, a UK chip designer. Chip designer Arm secures almost $5 billion in the biggest stock market debut of the yearSandal m…

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